Financial Crime Governance, Risk and Control Specialist at Absa Group Limited (Absa)

Job Summary

• Absa Group Financial Crime Compliance team provides oversight on financial crime risk management and compliance by ensuring that all the business areas within the Group are managing the risks of Money Laundering, Terrorist Financing, Proliferation Financing, Sanctions, Bribery and Corruption that the Bank is exposed to as well as ensuring compliance to the applicable laws and regulations relating to financial crime.

Job Description

• An opportunity exist for an experienced Financial Crime Governance, Risk and Control Specialist to partner with the business in providing independent and objective risk oversight in evaluating, responding and monitoring of the financial crimes risks in line with the Financial Crime Risk Management and Compliance Programme (RMCP) and associated risk frameworks.

Duties includes the following:

• Ensure the awareness of processes, policies, and procedures to adequately challenge the business to ensure that all regulatory reporting requirements are met.
• Conduct assessments of the business unit control environment and provide an independent assessment on the risk profiles.
• Provide challenge that supports business management in understanding and accepting where action needs to be taken in order to manage and mitigate Financial Crime risks.
• Facilitate the risk appetite review process that is set and monitored throughout the year, highlighting key risks for the BU through quantitative and qualitative articulation of current and projected factors influencing the BU risk profile.
• Deliver value-added management information, specifically key risk indicator trends, and analysis of the drivers of risks to assist senior management better manage risks, losses and the associated capital holdings.
• Evaluate how current and emerging Financial Crime and associated risks and threats can drive additional business risks.
• Submit regular and accurate reports to senior management and committees where applicable.
• Lead and ensure completion of strategic deliverables within allocated time and with minimal oversight from the GRC Manager.
• Ensure the ongoing assessment and enhancement of the Financial Crime risk framework to ensure that it is always fit for purpose and adequate measure of our financial crime risk.
• Demonstrate a good understanding and the application of the Operational Risk framework and policies in the Financial Crime environment.
• Be a custodian of best practices that can be adopted across the Group
• Build and maintain meaningful relationships with internal relevant business units and stakeholders with the aim of understanding their business needs.
• Exploring opportunities for improving existing capabilities through intuitive use of new analytic based approaches, international best practices, and trends.

Experience Required

• Minimum of 5 years’ experience in governance, risk and control
• Experience in applications/system risk management preferred
• Understanding of financial crime and key concepts of AML, Sanctions, and ABC risk management

Knowledge And Skills

• Understand and execute on the key concepts and principles of data analysis, and the use data to drive business decision-making
• Understand Financial Crime and its evolving role in the global financial system
• Identify risks and understand controls in complex business environments
• Evaluate information quickly and draw accurate inferences.
• Excellent written and communication skills
• Manage time effectively
• Management of Key Stakeholders across the Group

Competencies

• Continuous upskilling in both technical and other core competencies.
• Keeping up to date with industry trends, regulatory changes and professional standards
• Relating and networking
• Adapting and responding to change
• Creating and innovating

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
• ACAMS certification would be an advantage

Education

• Bachelor Honours Degree: Law, Military Science and Security (Required)